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AREA REPORTS

Doveton

Doveton - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3177

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unit

Property investors enjoyed capital gains of 4.84% over the last 12 months in DOVETON, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in DOVETON are low, as opposed to average gains per annum over the past five years.

The suburb posted a 2.63% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.

On average, rents on listings have reached the $330 mark, reflecting a 3.52% increase in returns based on the current median price in DOVETON.

DOVETON, 3177 ranks 477th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 229th on the list of best yielding suburbs for rental properties in VIC, posting a 3.52% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $487,500 $397,500
GROWTH REPORT
Median Quarterly 2.63% 0.63%
Median 12 month 4.84% -1.12%
Median 3 years 2.63% 4.61%
Median 5 years 41.3% 23.83%
10 years average annual 4.47% 2.81%
Weekly media advert. rent $330 $340
Time on Market 63.8 days 64.0 days
Gross Rental Yield Percent 3.52% 4.45%
demographics (median values)
Total Population
7654
Weekly Household Income
647.4
Household Size
2.60
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